{"id":81637,"date":"2023-01-05T19:15:00","date_gmt":"2023-01-05T13:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=81637"},"modified":"2023-01-05T19:05:48","modified_gmt":"2023-01-05T13:35:48","slug":"what-is-mukesh-ambani-doing-as-his-children-are-taking-over-reliance-industries","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/what-is-mukesh-ambani-doing-as-his-children-are-taking-over-reliance-industries\/","title":{"rendered":"What is Mukesh Ambani doing as his children are taking over Reliance Industries?\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3132536912\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Mukesh Ambani, spent quite some time last year, establishing his children at his business empire\u2019s businesses. Akash Ambani, his elder son was named the chairman of Reliance Jio, while his twin sister Isha Ambani will oversee Reliance\u2019s retail business. The tycoon\u2019s younger son, Anant Ambani will be looking after the energy unit.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2785533680\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>After handing over the operational reins of his business to his children, Mukesh Ambani will be focusing his attention on Reliance\u2019s pivot to green energy, as per reports. He will oversee strategy, the building of gigafactories and blue hydrogen facilities, assess acquisition targets and talk to potential investors.&nbsp;<\/p><p>Last year, Ambani unveiled plans to spend $75 billion on clean energy projects over the next 15 years. He will go eyeball-to-eyeball with Gautam Adani, the world\u2019s third richest man, as far as green energy is concerned.&nbsp;<\/p><p>Ambani is known for his single-minded focus on key pursuits. In the 1990s, he lived in shipping containers while building Reliance Industries to become the world\u2019s largest petrochemical refinery. About twenty years later, he started a company, Reliance Jio Infocomm Ltd, a subsidiary of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RELIANCE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Reliance Industries<\/a><\/strong>, which went on to become India\u2019s largest telecom operator.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3745131491\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Reliance Jio spent more than $50 billion to become India\u2019s No.1 wireless carrier within three years of its launch in 2016. Over a few months during the pandemic-induced lockdown in 2020, he raised more than $20 billion from investors including Silicon Valley giants, Meta Platforms Inc. and Google for his digital ventures.&nbsp;<\/p><p>Reliance has a target for becoming carbon net-zero by 2035. India&#8217;s transition from fossil fuels to renewables will provide an impetus to Reliance&#8217;s continuous &#8220;hyper-growth&#8221; over many decades, the tycoon told shareholders last August. On the other hand, Adani has committed $70 billion to become the world&#8217;s largest renewables player.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><div class=\"trade-after-content\" id=\"trade-2746911116\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mukesh Ambani, spent quite some time last year, establishing his children at his business empire\u2019s businesses. Akash Ambani, his elder son was named the chairman of Reliance Jio, while his twin sister Isha Ambani will oversee Reliance\u2019s retail business. The tycoon\u2019s younger son, Anant Ambani will be looking after the energy unit.\u00a0 After handing over [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[623,63,2091,755,961,621,872,948,936,3153,3157,2597],"class_list":["post-81637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-reliance-digital","tag-reliance-industries","tag-reliance-industries-ltd","tag-reliance-industries-news","tag-reliance-jio","tag-reliance-retail","tag-reliance-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Mukesh Ambani doing as his children are taking over Reliance Industries?\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Mukesh Ambani, spent quite some time last year, establishing his children at his business empire\u2019s businesses. Akash Ambani, his elder son was named the chairman of Reliance Jio, while his twin sister Isha Ambani will oversee Reliance\u2019s retail business. The tycoon\u2019s younger son, Anant Ambani will be looking after the energy unit.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/what-is-mukesh-ambani-doing-as-his-children-are-taking-over-reliance-industries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Mukesh Ambani doing as his children are taking over Reliance Industries?\u00a0\" \/>\n<meta property=\"og:description\" content=\"Mukesh Ambani, spent quite some time last year, establishing his children at his business empire\u2019s businesses. 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